For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Upwork Inc (NASDAQ: UPWK) closed at $12.10 up 1.51% from its previous closing price of $11.92. In other words, the price has increased by $1.51 from its previous closing price. On the day, 2.03 million shares were traded. UPWK stock price reached its highest trading level at $12.18 during the session, while it also had its lowest trading level at $11.92.
Ratios:
For a deeper understanding of Upwork Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.45. For the most recent quarter (mrq), Quick Ratio is recorded 2.93 and its Current Ratio is at 2.93. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.04.
On January 08, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $13 to $20.
On October 04, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.UBS initiated its Neutral rating on October 04, 2023, with a $13 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 03 ’24 when Bottoms Dave sold 2,843 shares for $13.22 per share. The transaction valued at 37,584 led to the insider holds 0 shares of the business.
Marie Olivier sold 223 shares of UPWK for $2,497 on Apr 18 ’24. The Chief Accounting Officer now owns 7,565 shares after completing the transaction at $11.20 per share. On Mar 18 ’24, another insider, Marie Olivier, who serves as the Chief Accounting Officer of the company, sold 967 shares for $12.20 each. As a result, the insider received 11,799 and left with 7,196 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UPWK now has a Market Capitalization of 1604254336 and an Enterprise Value of 1460851712. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.29, and their Forward P/E ratio for the next fiscal year is 11.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23 while its Price-to-Book (P/B) ratio in mrq is 4.62. Its current Enterprise Value per Revenue stands at 2.031 whereas that against EBITDA is 48.698.
Stock Price History:
Over the past 52 weeks, UPWK has reached a high of $16.36, while it has fallen to a 52-week low of $7.54. The 50-Day Moving Average of the stock is -0.42%, while the 200-Day Moving Average is calculated to be -7.12%.
Shares Statistics:
For the past three months, UPWK has traded an average of 2.26M shares per day and 2770880 over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 117.77M. Insiders hold about 11.17% of the company’s shares, while institutions hold 82.38% stake in the company. Shares short for UPWK as of 1713139200 were 13952875 with a Short Ratio of 6.17, compared to 1710460800 on 9332844. Therefore, it implies a Short% of Shares Outstanding of 13952875 and a Short% of Float of 12.91.
Earnings Estimates
A comprehensive evaluation of Upwork Inc (UPWK) is underway, with the input of 8.0 analysts contributing to its current rating.On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.22, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.24, with high estimates of $0.25 and low estimates of $0.23.
Analysts are recommending an EPS of between $0.94 and $0.9 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $1.1, with 8.0 analysts recommending between $1.28 and $0.78.
Revenue Estimates
For the next quarter, 9 analysts are estimating revenue of $194.83M. There is a high estimate of $196.82M for the next quarter, whereas the lowest estimate is $192.66M.
A total of 9 analysts have provided revenue estimates for UPWK’s current fiscal year. The highest revenue estimate was $782.37M, while the lowest revenue estimate was $776.1M, resulting in an average revenue estimate of $778.62M. In the same quarter a year ago, actual revenue was $689.14MBased on 9 analysts’ estimates, the company’s revenue will be $865.9M in the next fiscal year. The high estimate is $917.3M and the low estimate is $818.1M.
